Virtu Financial LLC Invests $251,000 in Chart Industries, Inc. (NYSE:GTLS)

Virtu Financial LLC acquired a new position in Chart Industries, Inc. (NYSE:GTLS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 2,020 shares of the industrial products company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Chart Industries during the 3rd quarter valued at about $34,000. UMB Bank n.a. grew its position in shares of Chart Industries by 418.0% during the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 255 shares during the period. Ecofi Investissements SA purchased a new position in shares of Chart Industries during the 2nd quarter valued at about $50,000. Mendota Financial Group LLC increased its stake in shares of Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 203 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Chart Industries in the third quarter valued at about $87,000.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $196.51 on Wednesday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27. The stock has a 50 day moving average price of $160.93 and a 200-day moving average price of $143.25. Chart Industries, Inc. has a one year low of $101.60 and a one year high of $204.23.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Chart Industries, Inc. will post 9.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GTLS shares. The Goldman Sachs Group reduced their price objective on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Bank of America reduced their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Craig Hallum increased their price objective on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, BTIG Research increased their price target on Chart Industries from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.42.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.